Announcing the Next Staking Project — eFIN + FRM Buyback
Dear Ferrum Community,
We are thrilled to announce the next Ferrum Network staking project — eFIN.
About eFIN
eFIN is an adaptable product which is being designed to flow with the ever-changing cryptocurrency and blockchain industry.
The eFIN project offers a secure, decentralized and non-custodial DEX which will combine a set of bridges that will allow trading across multiple chains, including BSC, ETH, Polygon and more. Built with an intuitive UI interface, the eFIN DEX with its multi-signature engines ensures scalable and secure transactions. eFIN will soon also integrate Nimiq OASIS into the eFIN DEX to include a fiat on-and-off-ramp feature.
The wrapped eFIN Coin (WeFIN) now operates on the Binance Smart Chain (BSC) and takes advantage of the low-cost and fast transactions with massive liquidity and access to hundreds of other high quality tokens.
As part of the plan to bridge the gap between the current financial industry and the future of digital finance, eFIN has partnered with industry leaders like the TEN31 Bank based in Germany, the world’s first Crypto Bank. Having recently purchased a 13% stake in eFIN parent company DexTech AG, the TEN31 Bank ecosystem partnership brings together eFIN, Nimiq, Zilliqa, Salamantex, Tangany, PPS, Litecoin and others.
eFIN Staking Info
WeFIN Staking Pool
Start Date: December 13, 2021 at 15:00 UTC
Days Open for Stake: 7 days
Mandatory Lock: 90 days
Early Rewards APY: 15%
Days Until Full Maturity: 120 days
Maturity Rewards APY: 25%
Cake LP-Token Staking
Start Date: December 13, 2021 at 15:00 UTC
Days Open for Stake: 7 days
Mandatory Lock: 120 days
Early Rewards APY: 35%
Days Until Full Maturity: 150 days
Maturity Rewards APY: 60%
Staking $WeFIN Through Ferrum’s Flexible White Glove Staking Service
With the emergence of DeFi and the appeal of passive income, staking has taken on a fresh new relevance. Unfortunately, DeFi staking has been chiefly reserved for big-cap projects with mainnet, leaving hundreds of exciting new projects with few flexible options to offer staking and liquidity farming for their token.
This gap in the market is why we built our flexible DeFi Staking Platform. Participants lock their tokens and earn high yields based on the length of time staked. It’s like a decentralized high-yield bank account, with maximum customization for projects and flexibility for participants!
Projects like eFIN Can Customize Their Staking to Fit Their Needs
Each project and community has unique token metrics, unlocking schedules, and community concerns. Ferrum Network built its DeFi Staking Platform to be fully customizable to meet the needs of each project.
Thanks to the flexibility offered by Ferrum Network solutions, eFIN will be able to launch its Staking program, which will help to increase their token utility while rewarding community supporters and their early investors.
Thank You
As always, thank you for your continued support of Ferrum Network, and stay tuned for more major news & partnerships to be announced soon!
The Ferrum Network Team
Introducing Buy Backs from Ferrum Network
Ferrum Network will now be reconciling the success of our products and services with the price of $FRM & $FRMx. To share the success of our business with our community and add additional token utility, Ferrum will be conducting token buybacks for every product sold along with bi-weekly buybacks. We will be sharing our progress for each buyback. Projects can also receive discounts for our products if services are paid for in $FRM.
$FRM Token Buyback Transaction
https://bscscan.com/tx/0xa97e9977f1c9661153a14c9a3f4ce2888dc5aaf01c34344006c8eebfb534acb2
Buyback Wallet Address on BSC:
0xf5289a8c42cc3Ec811F488F7e8274198119f171D
Buyback Wallet Address on ERC-20:
0xf5289a8c42cc3Ec811F488F7e8274198119f171D
Buyback Wallet Address on MATIC:
0xf5289a8c42cc3Ec811F488F7e8274198119f171D
There is now over $210,336 USD worth of $FRM & $FRMx in the buyback wallets (on BSC & ERC-20) just from buyback activities & projects paying for our products using $FRM! Stay tuned for more exciting news and updates from our team at Ferrum Network.
Very truly yours,
The Ferrum Network Team
About Ferrum Network
Ferrum Network is a deflationary cross-chain Blockchain as a Service DeFi company that specializes in adding token utility and advisory services to projects across the crypto space.
Ferrum builds white-label blockchain solutions that power Startups and established organizations, enabling them to get their product to market faster.
At Ferrum Network, we’re committed to building secure protocols. We consider ourselves “paranoid security freaks”. This approach boasts over 100 clients, nearly $100 million in TVL, millions of dollars worth of bridged assets and hundreds of smart contracts deployed. We’re proud to say that throughout our tenure providing both our Staking as a Service and Cross-Chain bridging solutions we have not fallen victim to a single exploit! We took the same approach when architecting the Ferrum Cross-Chain Token Bridge as we did when integrating the security protocols used in our Staking Tech.
Disclaimer
A project’s use of Ferrum Technology and/or wallet listing does not constitute an endorsement of that project or its token from an investment standpoint. All projects that use Ferrum Technology and/or listing are clients unless otherwise stated in this disclaimer. Cryptocurrencies, tokens, and other digital assets are high-risk and highly speculative. They may lose their value. All cryptocurrency participants are advised to do their own research before interacting with cryptocurrencies.
